Over 10,000 people took part in the march according to an AFP photographer at the scene.
"The march is for all those people, family members, relatives, friends who didn't survive the Holocaust and for all those who did," Erzsi Molnar, 50, a child of survivors, told AFP.
Around 600,000 Hungarian Jews perished in World War II. Only 100,000 survived the Holocaust, mostly in Budapest.
"Besides remembering the tragedy of the Hungarian Jewry the march highlights that human beings are all part of a big family, despite their different religions, beliefs, or orientations," said Orsolya Fekete, a volunteer at the event.
In a speech at the end of the procession, Jewish Congress president Ronald Lauder called Jobbik an "extremist party that promotes hate".
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